For SaleCondominium

Island Breeze

Odasakae 2-chome, Kawasaki-ku, Kawasaki-shi, Kanagawa
  • 20+ story building
  • Pets negotiable
Asking Price
¥59,980,000
Est. Net Yield: 3.39%
Island Breeze - 1/15
1 / 15

Executive Summary

Island Breeze, located in Odasakae 2-chome, Kawasaki-ku, Kawasaki-shi, Kanagawa, is a 20-story reinforced concrete condominium built in January 2007 with a total of 533 units. Transportation access includes a 6-minute walk from Odasakae Station on the Nambu Line, a 7-minute walk from Hamakawasaki Station on the Nambu Line, and a 14-minute bus ride followed by a 2-minute walk from Kawasaki Station on the Tokaido Main Line. The subject unit is a south-facing 3LDK situated on the 5th floor, featuring a floor area of 76.3 sqm and a balcony area of 15.1 sqm. It is an all-electric unit equipped with a garbage disposer, auto bath system, dishwasher/dryer, and auto-lock security, and the building features 2 or more elevators. Renovation of wet areas and full interior spaces was completed in May 2026. The land right is ownership, and the zoning is Quasi-Residential Zone. The current status is vacant, with immediate handover available. Pets are negotiable. Surrounding amenities include restaurants at 243 m (4-minute walk), a convenience store at 266 m (4-minute walk), commercial facilities at 310 m (4-minute walk), and medical facilities at 967 m (13-minute walk).

Property Details

Building Area
76.3 ㎡
Layout
3LDK
3 bedrooms + living, dining & kitchen
Structure
RC
Built Year
2007
Floors
Floor 5 of 20
Earthquake Std.
New Seismic Standard
Est. Annual Rent
¥2,690,000
Transport
  • Odasakae Station
    JR Nambu Line
    Walk 6 min
  • Hama-Kawasaki Station
    JR Nambu Line
    Walk 7 min
  • Kawasaki Station
    JR Tokaido Line
    Bus 14 min + 2 min walk
Transaction Type
Brokerage
Japan Real Estate · Governor of Tokyo (1) No. 113344

Detailed property information

Status & handover

Current status
Vacant
Handover
Immediately

Land & legal restrictions

Site area (whole building)
16,855.0 ㎡
Land rights
Freehold
Zoning
Quasi-residential zone

Costs besides the price

Other costs
CATV使用料: ¥300 per month
Other costs
つなぐネット使用料: ¥726 per month
Parking
Yes

Building management

Management type
Fully outsourced
Building manager
Daytime
Management company
ナイスコミュニティ
Owners' association
Yes
Total units
533 units

Utilities & nearby

Gas
All-electric

Please confirm the details in the explanation of important matters before purchase.

Around the property

This summarizes expected hazards, past disaster records, designated hazard zones, city planning, the surroundings (stations, schools, medical facilities and more), population, land prices and transactions around the property, based on data from Japan's Ministry of Land, Infrastructure, Transport and Tourism. The position is estimated from the address, so it can differ from the actual lot near the edge of an area. Hazard areas and records shown are only those published by national and local governments; being outside a published area, or not finding a record, does not mean damage cannot occur. Please confirm details on the municipality's hazard map and in the explanation of important matters given at the time of purchase.

Expected hazards nearby

Flood (maximum expected scale)
Within a published hazard area (expected flood depth 0.5–3 m)Rivers: 多摩川、大栗川、浅川
Storm surge
Within a published hazard area (expected flood depth 1–3 m)
Tsunami
Within a published hazard area (expected flood depth 0.3–1 m)
Landslide
Not within a published hazard area
Liquefaction
Likely to liquefyA tendency for each grid cell of about 250 m, based on landform. It is not an assessment of the lot itself.

Please check your municipality's hazard map for details.

Past disaster records

Published records
No published record was found at this point or within about 300 m

This covers past disaster records published by national and local governments. Not finding a record does not mean that no disaster occurred.

Designated hazard zones

Steep slope failure hazard zone / Landslide prevention zone / Disaster hazard zone / Large-scale fill land
Not included in the published zones

This covers designated zones and maps published by national and local governments. Building and other restrictions may apply inside a zone. Please confirm the details with the municipality and in the explanation of important matters.

City planning

Urbanization zoning
Urbanization promotion area (designated for urban development)
Zoning (use district)
Quasi-residential zone
Floor area ratio · Building coverage ratio
Floor area ratio 200% · Building coverage ratio 60%
Fire protection district
Quasi-fire prevention district

Because the position is approximate, this may differ from the designation of the lot itself. Please confirm the actual designation in the explanation of important matters.

Surroundings

川崎新町 (東日本旅客鉄道)
About 2,268 passengers per day (FY2020)About 1,080 m in a straight line
Public elementary school district
渡田小学校 (川崎市立)School districts are set by the municipality and may change.
Nearest elementary school
川崎市立渡田小学校About 320 m in a straight line
Nearest junior high school
川崎市立臨港中学校About 540 m in a straight line
Nearest high school
神奈川県立川崎高等学校About 1,260 m in a straight line
Nurseries and kindergartens
Within 500 m: 8 / within 1 km: 25
Nearest hospital (within 1 km)
日本鋼管病院About 710 m in a straight line / Hospitals within 1 km: 1
Clinics
Within 500 m: 2

Distances are straight-line distances from the property's location, not walking times. Passenger figures are the combined daily boardings and alightings published by the railway operator (annual average). Names of stations, schools and facilities are shown in Japanese.

Population outlook nearby

2025 (estimate)
about 1,858 people
2050 (estimate)
about 2,459 people (+32.4% vs 2025)
Share aged 65 and over
11% → 28.1% (2025 → 2050)

Data for a grid cell of about 250 m, based on estimates by the Ministry of Land, Infrastructure, Transport and Tourism (starting from the 2020 census). Because the cell is small, it can differ from actual numbers and does not represent the trend of the whole municipality.

Nearby land prices

Residential land · about 424 m
¥334,000/㎡Official land price (Land Price Publication) · 1/1/2026 (+5% vs last year)
Commercial land · about 514 m
¥392,000/㎡Prefectural land price survey · 7/1/2026 (+5.9% vs last year)
Residential land · about 627 m
¥331,000/㎡Prefectural land price survey · 7/1/2026 (+4.1% vs last year)

Prices of representative lots selected by the national or prefectural government. They do not indicate the price or value of this property.

Nearby transactions

Overview (2025 Q1 – 2026 Q1)
32 records · median ¥600,000 per ㎡ (middle half: ¥552,885 – ¥646,154)Records for Odasakae 2-chome, Kawasaki-ku, Kawasaki-shi (used condominiums etc.)

Recent records with a similar floor area

2026 Q1
¥42,000,000・65 ㎡・2LDK・built 2013Transaction price information (survey-based)
2026 Q1
¥42,000,000・70 ㎡・built 2007Transaction price information (survey-based)
2026 Q1
¥42,000,000・65 ㎡・2LDK・built 2013Contract price information
2026 Q1
¥48,000,000・70 ㎡・2LDK・built 2013Contract price information
2026 Q1
¥44,000,000・80 ㎡・3LDK・built 2007Contract price information

Records of actual transactions published by the Ministry of Land, Infrastructure, Transport and Tourism. They do not reflect individual circumstances such as floor, orientation or condition, and are not an evaluation of this property's price.

This service uses the API functions of the Real Estate Information Library of the Ministry of Land, Infrastructure, Transport and Tourism, but the timeliness, accuracy and completeness of the information provided are not guaranteed.

Source: Ministry of Land, Infrastructure, Transport and Tourism, Real Estate Information Library (国土交通省 不動産情報ライブラリ). Processed by us for the area around this property.Retrieved: 10/14/2026

Location & Map

Investment Analysis

Est. Gross Yield4.48%
Est. Net Yield3.39%

Calculated from an estimated rent. Actual rent may differ.

Net yield = (annual rent − management fee and repair reserve − property management fee (5.5% of rent)) ÷ (price + purchase costs). Property tax, vacancies and repair costs are not included.

ROI SIMULATION

ROI / IRR Investment Simulation

Est. Gross Yield
4.48%
Est. Net Yield
3.39%
If sold after 10 years (before tax)
Annual return (IRR)
2.5%
Net gain
+¥15,540,000
Gain on total investment +24.3%
Est. Property ValueCumulative Net IncomeNet gain

If sold at the end of each year (before tax)

YearEst. Property ValueCumulative Net IncomeNet gainGain on total investmentAnnual return (IRR)
1yr¥59,980,000+¥2,170,000¥-3,990,000-6.2%-6.2%
2yr¥59,980,000+¥4,340,000¥-1,820,000-2.8%-1.5%
3yr¥59,980,000+¥6,510,000+¥350,000+0.5%0.2%
4yr¥59,980,000+¥8,680,000+¥2,520,000+3.9%1.0%
5yr¥59,980,000+¥10,850,000+¥4,690,000+7.3%1.5%
6yr¥59,980,000+¥13,020,000+¥6,860,000+10.7%1.9%
7yr¥59,980,000+¥15,190,000+¥9,030,000+14.1%2.1%
8yr¥59,980,000+¥17,360,000+¥11,200,000+17.5%2.3%
9yr¥59,980,000+¥19,530,000+¥13,370,000+20.9%2.4%
10yr¥59,980,000+¥21,700,000+¥15,540,000+24.3%2.5%

Assumptions

  • Total investment ¥64,065,340 (price ¥59,980,000 + purchase costs ¥4,085,340)
  • Management fee and repair reserve: ¥370,920 per year
  • Property management fee: 5.5% of rent (incl. tax)
  • Selling costs (brokerage fee and stamp duty) are deducted from the sale price
  • Taxes (income tax on rent, tax on capital gains, etc.), vacancies, property tax and repair costs are not included

This simulation is an estimate based on the inputs provided and does not guarantee future income or asset value. Actual results may vary due to market conditions, vacancy rates, and interest rates. Investment decisions are made at your own risk; we do not provide investment advisory or agency services.

CLOSING COSTS

Estimated Closing Cost Breakdown

Total Closing Costs (Est.)
¥4,085,340
Brokerage fee (3% of the price + ¥60,000, plus consumption tax; properties over ¥4 million)¥2,045,340
Real Estate Acquisition Tax (est., rate varies by property type)¥1,070,000
Registration License Tax (title transfer)¥530,000
Stamp Duty (purchase agreement)¥30,000
Judicial Scrivener & Other Fees (est.)¥410,000

These are estimated costs. Property tax and other pro-rated amounts are calculated separately at closing.

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